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Singapore economy
Singapore economy
Business sentiment drops further in 2Q2023, making this the fifth straight quarter of moderations
The business optimism index (BOI) fell to 4.60 percentage points in 2Q2023, down from 5.35 percentage points in the year before.
March 14, 2023
Global Economy
Hong Kong GDP outlook lifted on China; Singapore sees high costs
Hong Kong’s economy is expected to expand 3.4% this year, whereas Singapore's GDP is expected to expand 1.9% this year.
March 14, 2023
Singapore economy
Analysts see downsides to Singapore’s retail sales after ‘unexpected’ 0.8% y-o-y contraction in January
The lower-than-expected retail sales index were attributed to the higher GST and inflationary pressures.
March 03, 2023
Singapore economy
Business Receipts Index grow by 10.9% y-o-y in the 4Q2022 as all industries register higher business receipts
On a q-o-q, non-seasonally adjusted basis, overall business receipts were also up by 2.9%.
February 27, 2023
Singapore economy
Singapore's January NODX falls by 25.0% from high base as electronics and non-electronics see declines
This is the sixth straight month of NODX declines.
February 17, 2023
Budget 2023
A budget to secure Singapore's future
In essence, Singapore has put the Covid-19 pandemic behind it.
February 16, 2023
Budget 2023
Budget 2023: Singapore raises Progressive Wage Credit Scheme by $2.4 bil, enhances labour market support
This is part of a range of measures announced by Wong to help lower wage workers achieve better career progression and wages.
February 14, 2023
Budget 2023
Budget 2023: Singapore to see slight deficit again but shifts stance from fighting pandemic
Singapore’s fundamentals remain strong
February 14, 2023
Singapore economy
Singapore's GDP expands by 3.6% in 2022; 2023 growth forecast kept at 0.5% to 2.5%
The country’s economy grew by 2.1% y-o-y in the 4Q2022.
February 13, 2023
Sharing Economy
Singapore keeps forecast for 2023 trade and export growth at '-2 to 0%'
Trade with most major partners will slow except China and Japan
February 13, 2023